RBC Personal Loan

How to get an RBC Personal Loan?

1. Visit the RBC website. Open your web browser and go to the official RBC website at www.rbc.com.

2. Explore Personal Loans. Navigate to the "Personal Banking" section on the RBC website and look for information on personal loans. This can often be found under the "Borrowing" or "Loans and Credit" section.

3. Review Loan Information. Familiarize yourself with the types of personal loans offered by RBC, the terms, and any specific requirements.

4. Schedule an Appointment with a Credit Specialist. Since RBC may not allow online loan applications, make an appointment with an RBC credit specialist. You can do this through the website by finding the contact information for your local branch or using the provided phone numbers.

5. Visit a Branch or Speak Over the Phone. Attend the scheduled appointment either by visiting an RBC branch in person or speaking with the credit specialist over the phone. During this appointment, the credit specialist will guide you through the loan application process.

6. Prepare Required Documents. Be ready to provide the following documents during the appointment government-issued ID; recent pay stubs; recent bank statements; recent T4; personal tax return and the list of assets and liabilities.

7. Discuss Terms and Conditions. During the appointment, the credit specialist will discuss the terms and conditions of the personal loan, including the loan amount, interest rates, and repayment terms.

8. Submit Application Documents. If satisfied with the terms, submit the required documents to the credit specialist for further processing.

9. Wait for Approval. Once the application is submitted, wait for RBC to review and approve your personal loan. The credit specialist will provide information on the next steps.

Via mobile app

If you're interested in applying for a personal loan, you can do so either by phone or in person. RBC does not currently offer the option to apply for personal loans through their mobile app. To initiate the application process, you can make an appointment with an RBC credit specialist, who can assist you over the phone or in-person at a branch.

At the bank's office

1. Visit an RBC Branch. Go to an RBC Royal Bank branch in person.

2. Schedule an Appointment. Make an appointment with an RBC credit specialist to discuss your personal loan needs.

3. Provide Necessary Documentation. Bring essential documents, including government-issued ID, recent pay stubs, bank statements, recent T4, personal tax return, and a list of assets and liabilities.

4. Consult With the Credit Specialist. Discuss your financial situation, loan requirements, and any questions you may have with the RBC credit specialist.

5. Submit Your Application. Complete the loan application process in the branch with the guidance of the credit specialist, ensuring all required information is provided.